The following guest post on the use of biometric technology for individual identification in banking and financial services was submitted by Maricel Tabalba. A significant increase in data breaches in the past few years has urged many financial institutions to consider using biometric security. The Gemalto breach level index showed that there were 1,540 credit […]
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The following guest post on improving financial services security was submitted by Damien Troy. As technology improves and continually evolves, security becomes increasingly important. While new technologies being used in businesses and services is generally a positive, it can also leave them vulnerable to the latest cybercrime, such as hacking and identity theft. For services […]
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If you haven’t heard the news, more banks are adopting biometric technology for customer authentication to increase security. Banks all around the world have been searching for more advanced technologies such as biometrics for better protection against identity theft, fraud, and cyber-crime often perpetuated by stolen customer identities. Biometrics acts as a strong authentication tool […]
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Biometrics in Banking The rising demand to more effectively secure online and mobile banking and financial services transactions through accurate customer identification to prevent identity theft and banking fraud has sparked an interest in the use of biometric identification technology. Biometric identification solutions provide quick and accurate customer authentication by using unique physiological characteristics (who […]
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As the volume of financial service security breaches, transaction fraud, and identity theft increases, the need for highly secure customer identification systems is becoming extremely important. As a result, in the banking and finance sectors, the “Know your customer” (KYC) initiative is getting more traction to prevent fraud and identity theft. One technology that is […]
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When it comes to banks, there is a constant need to update security measures to ensure the safety of bank accounts. Biometric voice recognition technology now enables bank customers to use their voice as an added layer of protection for their bank accounts. Voice biometrics is a very promising innovation that will protect accounts from […]
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The rapid digitization of banking services combined with the continued need to adopt stricter customer and employee identification protocols to prevent identity theft and fraud has set the table for biometric identification technology to become an integral and strategic part of financial service security platforms. Acting as a strong authentication tool to help secure ATM, […]
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Face Recognition |
Fingerprint |
Finger vein |
Iris |
